You, as an avid reader of SurvivalBlog posts, know a few things for sure: 1. That the spot prices for physical gold and silver metals have been tremendously manipulated and suppressed for decades. 2. That if a huge coronal mass ejection (CME) from our sun (similar to the Carrington Event in August of 1859) strikes our country and our planet, that ALL of the semi-conductor circuits, electrical transformers, and vehicles dependent upon those parts will instantly become inoperable. And 3. That the Dominion Voting machines would not be used in the next elections.
If an electromagnetic pulse (EMP) struck the united States of America tomorrow (heaven forbid), what would the price of physical gold and silver be the next day? And at the end of the first week?! Silver will go to $1,000 per ounce and $20 bill will go to zero.
Whether caused by a natural phenomena hitting Earth’s magnetosphere, an unprecedented cyber-hack computer virus, or a North Korea strike causing a type of geomagnetic storm, you were astute and educated enough to recognize that the power was not going to come back on any time soon (if ever…) you would instantly go into your “prepper mode” and begin to organize your preps into priorities. But without a television or Internet to tell you with a quick click what the daily trading price of an ounce of silver was, how would you know what its bartering-power is currently?
The same could be said regarding ammunition, liquor, toilet paper, cigarettes, and water-purification tablets. Those who know their actual worth and value are reading this article- and those clueless souls will only truly recognize the value in a week or so, when it is waaaaay too late! When all the 1’s and 0’s are replaced by Au and Ag (and possibly old carbon with a crystalline-lattice structure) people will still need something to do their “horse-trading” with. The survivors will need gasoline for their old cars, old motorcycles, old mopeds…and for food once the store shelves have been emptied; furthermore, since silver has been known as “the people’s money” for centuries, I believe it will become “worth its weight in gold” so-to-speak.Continue reading“Post-Collapse Barter: The Value of Silver – Part 1, by Dr. Derek King”